Funding you earn now, next payment 03:00 UTC−0.0198%/8h= −21.7% APRpaid last 24h +0.012%
Price spread now: ApeX Omni against Bybit−0.176%79s7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$780.783% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)+0.347%+$35 · spread now −0.176%, 7d avg +0.024%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and ApeX Omni is 0.201% cheaper against Bybit than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.024%). Swap the legs. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MNTUSDT | 0.6459 | 0.0100 | pay 0.0100% / 8h | 5h 40m | $42.3M | $14.7M | 25x |
| Short | ApeX Omni MNTUSDT | 0.6448 | −0.0098 | pay 0.0012% / 1h | 40m 07s | $11K | $643K | 50x |
Bybit MNTUSDT
ApeX Omni MNTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$41.61
- Price spread: −0.176% → +0.024%
- −$20.1
- Slippage, 4 orders
- −$57.34
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$140.05
- Costs to cover
- 0.783%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 23 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 4 min ago | 0.78 bp | 21.4 bp −$21 | 83.9 bp −$839 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 23 min ago | 8.60 bp | 17.7 bp −$18 | 113.4 bp −$1,134 | doesn't fit | doesn't fit |
MNT on 15 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX MNT/USD [ETH-USDC] | L −0.2622% / S +0.0192% | 1h | 0.6462 | +0.036% | $19 | — | 100x | as long as short |
| Kraken Futures PF_MNTUSD | −0.0448% | 1h | 0.6456 | −0.046% | $16K | $28K | 20x | as long as short |
| ApeX Omni MNTUSDTshort | −0.0098% | 1h | 0.6448 | −0.176% | $11K | $643K | 50x | |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6462 | +0.043% | $776 | — | 150x | as long as short |
| Injective MNT/USDC PERP | +0.0033% | 1h | 0.6526 | +1.031% | $3K | $210K | 12x | as long as short |
| Hyperliquid MNT | +0.0100% | 1h | 0.6472 | +0.194% | $6.6M | $898K | 5x | as long as short |
| Bybit MNTUSDTlong | +0.0100% | 8h | 0.6459 | long leg | $42.3M | $14.7M | 25x | |
| Gate MNT_USDT | +0.0100% | 4h | 0.6438 | −0.331% | $422K | $169K | 25x | as long as short |
| MEXC MNT_USDC | +0.0100% | 8h | 0.6458 | −0.022% | $2.4M | $103K | 125x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6460 | +0.009% | — | $2.5M | — | as long as short |
GMX MNT/USD [ETH-USDC]
Kraken Futures PF_MNTUSD
gTrade (Gains Network) MNT/USD
Injective MNT/USDC PERP
Hyperliquid MNT
Gate MNT_USDT
MEXC MNT_USDC
BingX MNT-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MNT | +0.0100% | 8h | 0.6453 | −0.095% | $286K | $173K | — | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6464 | +0.071% | $1K | — | 10x | as long as short |
| Lighter MNT | +0.0184% | 1h | 0.6478 | +0.288% | $142K | $75K | 5x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6448 | −0.176% | $90K | $211K | 25x | as long as short |
| Backpack MNT_USDC_PERP | +0.0548% | 1h | 0.6459 | −0.006% | $44K | $56K | 10x | as long as short |
Variational Omni MNT
Orderly PERP_MNT_USDC
Lighter MNT
BloFin MNT-USDT
Backpack MNT_USDC_PERP